The Palm Court Apartments presents a premier multifamily investment opportunity in Los Angeles’ dynamic Miracle Mile submarket, delivering upscale urban living in a high-barrier-to-entry locale. Built in 1988, this 132-unit Class A property—featuring a versatile mix of 48 one-bedroom/one-bath units, 72 two-bedroom/two-bath units, and 12 three-bedroom/two-bath units across approximately 136,488 square feet on a 1.2-acre site at 740 S. Burnside Avenue. The subject property has undergone extensive recent upgrades, transforming it into a modern luxury asset that commands premium rents and 95%+ occupancy. The Palm Court Apartments is subject to California State Rent Control under AB 1482 (Tenant Protection Act), which caps annual increases at 5% plus CPI (up to 10%), fostering tenant stability while allowing for predictable yearly growth through allowable adjustments and proactive leasing. Recent enhancements, including a revamped fitness center with Peloton bikes, heated pool and spa, and unit interiors boasting quartz countertops and stainless steel appliances. The Palm Court Apartments is ideally situated in a Walk Score 94 neighborhood with affluent demographics (median income $110,000+), low submarket vacancy (under 4%), and proximity to employment centers like Century City and Hollywood.